Forecasters continue to project a moderately slower increase in US economic activity for the third quarter vs. Q2, based on the average estimate for several models and economic surveys compiled by The Capital Spectator. The expected pace is strong enough to keep the economy humming, but the latest numbers suggest that next month’s preliminary Q3 data from the Bureau of Economic Analysis is on track to post a conspicuous slowdown.
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Trump outlines plan for hefty tax cuts: The Hill
US durable goods orders bounce back in August: Reuters
Pending Homes Sales Index for US falls 2.6% in August: CNBC
Extreme weather may trigger surge in wealth-related migration: Bloomberg
$1 billion-a-day price tag for US within a decade if planet heats up: Bloomberg
10-Year Treasury yield rises to 2-month high: MarketWatch